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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over $72 a tonne on higher oil prices and expectations that a recovery in global economy would spur demand.
Thermal coal prices in the globalCOAL Newcastle index rose $6.48 from the previous week to $72.79 a tonne, the highest since Feb. 24 when it stood at $73.38 a tonne. "There is some direction now with the gain in oil prices. Also, there is positive sentiment about the global economy that pulling up prices," a regional trader said.
Crude oil steadied at $66 a barrel on Thursday after hitting nearly seven-month high of $69.05 a tonne on Tuesday on expectations of an economic recovery.
Strong demand from China and India is also expected to spur recovery in global coal in the second half of this year, industry participants said at a recent industry gathering.
There were no physical trades registered on globalCOAL.
INDONESIA COAL
Chinese buyers were still scouting for Indonesia coal. One handimax of 6,300 kcal/kg air-dried basis (ADB), FOB mother vessel, has been sold to a Chinese buyer at $55 a tonne for delivery in July.
"The price was still a bit low because it was settled in April. We still see a lot of inquiries from China. Now, everybody suddenly wants to trade with China," said an Indonesian trader.
Indonesian coal prices are likely to go up to around $60 in coming weeks in line with a recovery in global coal prices, the trader said.
About 11,000 tonnes of Indonesian sub-bituminous coal of 5,600 kcal/kg ADB were traded at $39.5 a tonne, FOB barge from East Kalimantan, but there were no details of buyers.
"Inquiries are now starting to come in, because of a rise in prices," said another Indonesian trader.
In the domestic market, demand remained slow as power plants still have abundant supplies, of more than a month, traders said, adding power plants may be back to the market in the third quarter to secure stockpiles ahead of the rainy season.
Source: http://www.iii.co.uk/news/?type=afxnews&articleid=7354705&subject=companies&action=article
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Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
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